Robeco Institutional Asset Management B.V. Acquires 743,308 Shares of Banco Bradesco SA $BBD

Robeco Institutional Asset Management B.V. increased its stake in shares of Banco Bradesco SA (NYSE:BBD) by 1,595.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 789,906 shares of the bank’s stock after buying an additional 743,308 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Banco Bradesco were worth $2,670,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its holdings in shares of Banco Bradesco by 18.4% in the second quarter. Fisher Asset Management LLC now owns 88,098,675 shares of the bank’s stock worth $272,225,000 after acquiring an additional 13,682,255 shares during the period. Orbis Allan Gray Ltd bought a new position in Banco Bradesco during the second quarter valued at approximately $250,398,000. Franklin Resources Inc. raised its position in Banco Bradesco by 1.9% in the 2nd quarter. Franklin Resources Inc. now owns 48,199,044 shares of the bank’s stock worth $148,935,000 after purchasing an additional 907,612 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Banco Bradesco by 34.0% in the second quarter. Itau Unibanco Holding S.A. now owns 35,204,316 shares of the bank’s stock worth $108,781,000 after buying an additional 8,938,200 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Banco Bradesco by 116.9% in the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock valued at $73,885,000 after purchasing an additional 17,853,712 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.40.

Banco Bradesco Price Performance

BBD stock opened at $3.46 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.64. Banco Bradesco SA has a 12-month low of $1.85 and a 12-month high of $3.77. The stock’s 50 day simple moving average is $3.48 and its 200 day simple moving average is $3.22.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Banco Bradesco had a return on equity of 12.95% and a net margin of 9.61%.The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $34.75 billion. Research analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 6th will be paid a dividend of $0.0034 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, January 6th. Banco Bradesco’s payout ratio is currently 8.57%.

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.